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The Australian Independent Media Network Monday, November 11, 2019 - 12:00 Source

Continued from Part 1 Sfaccio fronts the house of Mother Fortune … “Hey! … ” he called out sheepishly from the gate, “hey there … Lady Fortune?” But there was no answer. He was about to leave with hands in pockets when Lady Face motioned him to come over to her fence. “My sister is…

The post The Three Sisters (part 2) appeared first on The AIM Network.

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MacroBusiness Monday, November 11, 2019 - 11:40 Source

Via The Australian: Deputy Prime Minister Michael McCormack has lashed the “disgraceful, disgusting” behaviour of “raving inner-city lunatics” for linking climate change to the ferocious bushfires burning across Queensland and NSW. Speaking on ABC Radio on Monday Mr McCormack said Australia had experienced bushfires since “time began” and defended the Morrison government’s decision not to

The post Nats: “Raving inner-city lunatics” link fires to climate change appeared first on MacroBusiness.

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Renew Economy Monday, November 11, 2019 - 11:23 Source

 BMWUniversity of Adelaide researchers secure research contract with Chinese battery manufacturer to develop new technology that could slash the cost of BEVs.

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MacroBusiness Monday, November 11, 2019 - 11:20 Source

The CEO of property listings portal, REA Group, has lambasted APRA’s macro-prudential curbs and state governments’ foreign buyer stamp duty surcharges for causing a “manufactured” collapse in property sales: The News Corp controlled property listings portal’s first quarter trading update on Friday revealed a 9 per cent decline in revenue after broker commissions fell to

The post Panic grips REA amid “worst ever” property sales collapse appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 11:00 Source

Via the ABC: It is a warm spring night and Government House in Perth is illuminated with a red, China themed glow. Industry leaders, dignitaries and diplomats have been invited by the WA chapter of the Australia China Business Council to toast China’s National Day. The mood is friendly as the state’s political, business and

The post WA and VIC CCP client states appeared first on MacroBusiness.

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xkcd.com Monday, November 11, 2019 - 11:00 Source

For some reason the water in my pool is green and there's a weird film on the surface #nofilter

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The Australian Independent Media Network Monday, November 11, 2019 - 10:47 Source

The only thing that qualifies Angus Taylor to be in charge of the most important portfolio in the government is his overweening self-belief that he is the smartest guy in the room. Who needs expert advice or evidence?  Certainly not Angus. As bushfires ravage a drought-stricken country, as rivers dry up and reefs bleach, as…

The post Taylor fiddles as the country burns appeared first on The AIM Network.

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MacroBusiness Monday, November 11, 2019 - 10:40 Source

It’s been two on trot and now third and the worst approaches, via the AFR: Real retail sales are going backwards as people who haven’t had a pay rise in years and feel they don’t need another dress, sofa or pair of shoes eschew the shops altogether. …If the September retail sales figures were disappointing

The post Another Bad Santa stumbles drunkenly in appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 10:20 Source

The best laid plans of mice and property locusts, via the AFR: Big banks are seeking the flexibility to charge higher interest rates under the Morrison government’s scheme to help first home buyers because of the increased risk of lending to first-time borrowers with as little as 5 per cent deposit. The big banks also

The post Banks to charge Scummo-prime FHBs higher interest rates appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 10:00 Source

Via Australian Construction Industry Forum (ACIF): ACIF Forecasts Market Dragged Down by Residential Construction but Not Out The Australian Construction Industry Forum (ACIF) forecasts that the decline in Residential Building will be so deep that it will dominate the outlook for building and construction, dragging down economic growth and employment. The outlook has been detailed

The post Another dire construction forecast appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 09:45 Source

Nobody does it like China. Inflation exploded in October: In October 2019 , the national consumer price rose by 3.8% year-on-year . Among them, the city rose 3.5% , the rural rose 4.6% ; the food price rose 15.5% , the non-food price rose 0.9% ; the consumer price rose 5.2% , and the service price rose 1.4% . 1 – 10 on average, the national consumer prices rose year on year by 2.6% . In October , the national

The post Chinese inflation goes completely nuts appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 09:30 Source

Apparently Australia’s L-plated Treasurer, Josh Recessionberg, is about to try to convince the nation that it’s all good with the economy: Labor will accuse the Morrison government of putting the nation at risk from a “cancer of complacency” ahead of a series of addresses by Treasurer Josh Frydenberg to reassure consumers over the state of

The post Recessionberg’s luck is about to run out appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 09:15 Source

Via The Australian: The Coalition and Labor are on an equal electoral footing for the first time since the May election, with a turnaround in Anthony ­Albanese’s personal standing and a slide in popular support for the government. An exclusive Newspoll conducted for The Australian has the major parties tied with a 50-50 share of

The post Newspoll 50/50 as economy sinks appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 09:00 Source

Texture from Reuters: “Steel demand is slowing down due to the weather issue. In the northern part of China, the temperature is dropping, and very soon construction activities will be halted in many areas,” a Shanghai-based trader said. Rising iron ore inventory at China’s ports, hovering around a six-month high, is also weighing on both

The post Daily iron ore price update (stinking sink hole) appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2019 - 09:00 Source

By Chris Becker  The trading week finished on an upbeat note with sentiment still in the clouds about a pending US-China trade deal as the USD broke to a new record high against the major currencies, alongside US stocks. Gold fell to a new monthly low while oil prices pared back recent gains as Bitcoin

The post Macro Morning appeared first on MacroBusiness.

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